Company Financial Rusult In Crore

PERIOD	ASSET	REVENUE	PROFIT
31-Mar-2024	311.14	606.86	41.45
31-Mar-2023	215.25	542.01	38.30
31-Mar-2022	176.32	469.12	33.49
31-Mar-2021	112.45	248.96	0.13

About Orient Technologies Limited

Incorporated in July 1997, Orient Technologies Limited is a fast-growing information technology (IT) solutions provider headquartered in Mumbai, Maharashtra. The company has developed extensive knowledge to create products and solutions for specific areas within its business verticals.

These areas are outlined below:

IT Infrastructure: Products and solutions include Data Centre Solutions and End-User Computing;

IT Enabled Services (IteS): Services include Managed Services, Multi-Vendor Support Services, IT Facility Management Services, Network Operations Centre Services, Security Services, and Renewals; and

Cloud and Data Management Services: Services include migration of workload from data centres to cloud.

Orient Technologies - Strength and Weakness

Strength

• Since 1997, Orient Technologies Limited has built a solid reputation. They offer tailored solutions for their clients. Their clientele comes from diverse sectors: BFSI, IT, ITeS, healthcare, and pharmaceuticals. Notable clients include Coal India, Mazagon Dock, and Jyothy Labs. The company strength lies in customising its offerings. Their top 10 clients contribute significantly to their revenue. This showcases their reliability and value.
• With offerings including Data Centre Solutions, Managed Services, and Cloud Migration, Orient Technologies Limited caters to the evolving needs of modern businesses. The company emphasis on innovation and strategic growth within each area have resulted in remarkable revenue growth in its IT Infrastructure, ITeS, and Cloud businesses.
• Orient Technologies Limited has consistently demonstrated strong financial performance, characterised by steady revenue growth and profitability. With a revenue CAGR of 47.09% between Fiscal 2021 and Fiscal 2023, the company has effectively capitalised on its expanding product range and customer base. Plus, the business is positioned for long-term success in the rapidly changing IT sector thanks to its strategic investments and careful financial management.

Weakness

• The majority of Orient Technologies Limiteds foreign exchange exposure is unhedged, making it vulnerable to changes in exchange rates. The companys direct and indirect transactions denominated in foreign currencies, especially the US Dollar (USD), are the main source of foreign currency risk. Future business transactions as well as recognized assets and liabilities that are not valued in the companys functional currency (INR) provide this risk, which calls for close monitoring and management of currency exposures.
• Orient Technologies Limited manages credit risk from both operating activities (such as trade receivables) and financing activities (including deposits with banks). While the company establishes credit limits based on internal rating criteria and regularly monitors outstanding receivables, there remains a risk of default by counterparties leading to financial losses.
• Orient Technologies Limited faces liquidity risk, which refers to the possibility of being unable to settle or meet its obligations on time. While the companys treasury department manages liquidity, funding, and settlement, overseen by senior management, there is inherent risk in maintaining sufficient liquidity. Fluctuations in cash flow, unexpected financial obligations, or difficulty in accessing credit facilities could potentially impact the companys ability to meet its financial commitments in a timely manner.

 

 

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